v3.20.2
Condensed Statement Of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net loss $ (3,097,928) $ (4,807,280)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,458 22,077
Loss on sale of equipment   9,594
Amortization of premiums and discounts on marketable securities, net (4,864) (56,019)
Stock-based compensation 145,371 288,653
Unrealized loss (gain) on fair value of warrants 227,094 (1,940,854)
Changes in assets and liabilities:    
Prepaid expenses and other assets (370,447) 22,308
Accounts payable and accrued expenses 925,022 (1,231,816)
Deferred revenue (850,000) 1,500,000
Other, net (3,302) 6,706
Net Cash Used in Operating Activities (3,010,596) (6,186,631)
Cash Flows from Investing Activities:    
Purchase of equipment   (19,383)
Sale of equipment   5,500
Purchase of marketable securities   (8,887,566)
Redemption of marketable securities 3,000,000 6,000,000
Net Cash Provided by (Used in) Investing Activities 3,000,000 (2,901,449)
Cash Flows from Financing Activities:    
Issuance of common stock and units, net of issuance costs   7,653,828
Net Cash Provided by Financing Activities   7,653,828
Net Decrease in Cash and Cash Equivalents (10,596) (1,434,252)
Cash and Cash Equivalents - beginning of period 9,219,547 8,744,301
Cash and Cash Equivalents - end of period 9,208,951 7,310,049
Supplemental Cash Flow Information    
Operating cash flows paid for amounts included in the measurement of lease liabilities $ 76,843 120,700
Non-cash financing and investing activties:    
Warrants issued   4,735,913
Operating lease right-of-use assets obtained in exchange for lease obligation   $ 380,935

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